Update on Jose HumbertoJosé decided to request a new loan with the goal of strengthening his business by investing in the purchase of planting materials like fertilizers and insecticides. He will also plant coffee on half a plot of land. The loan will provide him with the necessary items to continue working in agriculture. The previous loan had a big impact in helping him to grow vegetables. He had an abundant and healthy harvest, and the living conditions for he and his family are changing thanks to the income he has made from selling his harvested products.
El efecto que tuvo con préstamo anterior fue la gran ayuda para la siembra de hortalizas, obtuvo una cosecha abundante y sana, sus condiciones de vida para él y su familia están cambiando debido a sus ingresos por la venta de cosecha.
Previous Loan DetailsJosé, 58 years old, is married and lives with his wife and five children. The oldest daughter is 14 years old and the youngest is 5. They live in the Laguna canton, in the Los G. de Corinto hamlet in the town of Morazan. Jose plants vegetables and raises cattle. He learned to plant vegetables… More from Jose Humberto's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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